Tuesday, February 5, 2013

Comparing & Contrasting 3 Entrepreneurs

As an assignment for my entrepreneurship class, New Venture Leadership, this blog entry is my comparison of three renowned entrepreneurs: Elon Musk, Sir Richard Branson, and Jim Garland....Here goes!


In ways each of the three entrepreneurs are the same, and in ways, they are worlds apart. Each is creative, ambitious, and – above all – confident enough with their intelligence to take some really bold risks.  This is particularly true for both Musk and Branson, who were unafraid to challenge the predetermined notions of society. Though they went about it in different ways, they both defied the widely-accepted norms in their chosen industries.

I also found interesting the way each of these entrepreneurs approached obstacles and barriers-to-entry. It’s as if they saw the challenge in criticism and made it into an opportunity. For example, Musk’s first major success, Zip2, essentially virtualized the idea of city listings; had no one told him that there was no way to replace the Yellow Pages, he probably wouldn’t have done so. Despite criticism for their seemingly outlandish ideas, they were each confident enough in their abilities to disprove the scrutiny of others. 

As an entrepreneurship student, I couldn’t help but compare my own ideals and philosophies to those of these three visionaries. There were certain qualities in each of them that inspired me. I was fascinated by Elon Musk’s ability to reshape society by redefining the idea of what’s possible in specific industries. At the same time though, I was slightly disheartened by his incredible genius – I mean, he scored one of the highest scores for computer programming abilities IBM had ever seen…at age 12! How could someone like me – a member of the non-photographic-memory population – possibly make a difference of that magnitude? This is one reason why I found Richard Branson to be a real inspiration. He was dyslexic, quirky, and he’s the kind of guy who gets way more of a kick out of trying/creating new things than in making heaps of money (yet he’s still one of the richest people in the world…go figure). All of his enterprises put a focus on making the customer experience fun and awesome; he truly cares about the welfare of people in that way and empowers them to also be adventurous and not take life too seriously. Jim Garland is also extraordinarily people-focused. Though his business may not seem as groundbreaking as any of Musk’s or Branson’s, he seems to believe in the power of goodness and inspiration. Perhaps he’s not a serial entrepreneur, but his business approach focuses on caring for, investing in, and empowering his employees so that they don’t see their work as a job, but rather as something they want to wake up and do every day. Rather than micromanaging, he has faith in his employees’ capabilities and even helped an employee launch her own business. A boss that truly sees their employees as assets makes for an incredible person to work for.

Each of these three men possesses unique qualities that make them excellent innovators: Musk’s intellect, Branson’s nerve, and Garland’s empathy. But the one characteristic that they all share is passion – a driving force that finds itself in people of all ages, races, education levels, and socioeconomic classes, but that is nothing short of essential for a real leader. By combining their own individual talents with their undying passion, these entrepreneurs have been able to turn their own ideas into a reality for the whole world to share.

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